4. For a fully discrete 20 year term insurance of 100,000 on (50), you are given: (a) Gross premiums are payable for 10 years (b) Mortality follows the Standard Ultimate Life Table (c) 0.05 (d) Expenses are incurred at the beginning of each year as follows Year 11-20 Not applicable Not applicable 25 Year 1 Year 2-10 | Commission as % of premium Premium taxes as % of premium Maintenance expetases 10% 2% 25 40 % 2% 75 (e) Groas premiumas are calculated using the equivalence principle. Calculate the gross premium for this insurance. Is marks) 4. For a fully discrete 20 year term insurance of 100,000 on (50), you are given: (a) Gross premiums are payable for 10 years (b) Mortality follows the Standard Ultimate Life Table (c) 0.05 (d) Expenses are incurred at the beginning of each year as follows Year 11-20 Not applicable Not applicable 25 Year 1 Year 2-10 | Commission as % of premium Premium taxes as % of premium Maintenance expetases 10% 2% 25 40 % 2% 75 (e) Groas premiumas are calculated using the equivalence principle. Calculate the gross premium for this insurance. Is marks)